The investment objective of the UK Extended Alpha Fund is to achieve above average capital growth from a concentrated portfolio of UK equities. The ACD’s investment policy is to actively manage an exposure primarily to a concentrated portfolio of UK equities, i.e equities of companies domiciled in the UK, or which have significant UK operations, by investing directly or indirectly in such securities. This approach means that the ACD has the flexibility to take significant stock and sector positions which may lead to increased levels of volatility. If the ACD considers it desirable it may further invest up to one third of the assets of the Fund in markets outside the United Kingdom. The Fund’s exposure may be gained through long and short positions.

?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.

-

Beta

?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.

-

Sharpe

?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.

-

Volatility

?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.

-

Tracking error

?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.

-

Information ratio

?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.

-

R-Squared

?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.

-

Price movement

52 week high1.1

52 week low0.93

Current bid price1.04

Current offer price1.1

Current mid price-

Region

1

UK

100%

Industry sector

1

Consumer Goods

22.6%

2

Financials

18.9%

3

Consumer Services

16.9%

4

Industrials

11.8%

5

Health Care

9.5%

6

Oil & Gas

7.8%

7

Basic Materials

3.7%

8

Telecommunications

3.6%

9

Technology

2.5%

Asset type

1

UK Equities

100%

Individual holdings

1

ROYAL DUTCH SHELL

5.1%

2

BRITISH AMERICAN TOBACCO

4%

3

PRUDENTIAL PLC

4%

4

GLAXOSMITHKLINE

3.9%

5

IMPERIAL BRANDS PLC

3.9%

6

DIAGEO

3.7%

7

BT GROUP

3.6%

8

COMPASS GROUP(PERU)

3.2%

9

RECKITT BENCKISER GROUP PLC

3.2%

Management

Fund manager group

ReAssure Limited

Fund manager company

ReAssure Limited

Fund type

Pension Fund

Fund objective

The investment objective of the UK Extended Alpha Fund is to achieve above average capital growth from a concentrated portfolio of UK equities. The ACD’s investment policy is to actively manage an exposure primarily to a concentrated portfolio of UK equities, i.e equities of companies domiciled in the UK, or which have significant UK operations, by investing directly or indirectly in such securities. This approach means that the ACD has the flexibility to take significant stock and sector positions which may lead to increased levels of volatility. If the ACD considers it desirable it may further invest up to one third of the assets of the Fund in markets outside the United Kingdom. The Fund’s exposure may be gained through long and short positions.

Benchmark

FTSE All Share

Investment style

Growth

Investment method

Shares

Fund manager

Name

Since

Biography

Chris Kinder

01/11/2010

Chris Kinder joined the company as a portfolio manager in the UK equities team in 2010. His main responsibilities are the management of the Threadneedle UK Fund and Threadneedle UK Extended Alpha Fund, the co-management of the Threadneedle UK Absolute Alpha Fund and the co-management of a number of institutional portfolios. He is also responsible for coverage of the aerospace and defence, oil services, mining and banking sectors and for idea generation for the wider UK equity team. Before joining the company Chris was an assistant fund manager at RWC Partners. He has also worked at Govett Investments, gaining experience in smaller companies’ analysis. Chris is a qualified chartered accountant, having worked at PricewaterhouseCoopers for four years before joining the investment management industry. Chris holds a degree in Modern European Languages from Durham University. He also holds the Chartered Financial Analyst designation.

Compliance

No data available.

Domicile

No data available.

Fund for sale in

United Kingdom

ReAssure Threadneedle UK Ext Alpha I PPB Pn

Initial charge-

Annual charge-

Min single investment£0

Min regular saving£0

Available in ISANo

Ongoing charge (OCF)-

Total expense ratio (TER)-

Bid price1.04

Offer price1.095

Mid price-

CurrencyGBP

Price updated08/12/2016

TypeAccumulation

Institutional or retail classRetail

Domicile-

Citi codeN6LV

Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.

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